APG 0.00% 0.2¢ austpac resources nl

15 cents end next week, page-16

  1. 338 Posts.
    At the end of the day - look at the fundamentals. The company has no worth at the moment. It's shareholders are funding it's losses in hope of the bright future (which I believe in). A price of 15c is unjustified to be realistic. This movement is unjustified. Even a big announcement, like a RIO bid for them for example, would not change the actual value of the stock. There is still a lot to prove and a lot to be done before the value actually is realised. The movement up and down may go to 15c at some stage but will not stay there. My opinion - I have been wrong on many occasions and this may be another.
 
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Currently unlisted public company.

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